Statement of Tax Record (STR)

How to obtain a Statement of Tax Record?

The ATO will build an online system that will enable businesses to request and receive these statements within four business days. The STR will be valid for 12 months from issue. It is expected that most businesses will be able to obtain the STR without any difficulty.

How to meet the requirements for a satisfactory Statement of Tax Record?

A satisfactory STR will be issued if the tenderer:

• is up-to-date with registration requirements (e.g. the entity has a TFN, ABN and is registered for GST)
• has outstanding debt with the ATO is not $10,000 or greater at the time of issue of the STR (excluding debt subject to objection, review or appeal)
• has lodged at least 90 per cent of the following obligations that were due in the last four years or the period of operation if less than four years:
• Income tax returns
• FBT returns
• Business activity statements

Who needs a Statement of Tax Record?

An STR will be required for all types of business structures such as companies, trusts, partnerships and joint ventures who are tendering for a government contract. For trusts and partnerships, the STR will be required for the subject entity as well as each trustee or partner. The head company and subsidiary tenderer will be required to produce a valid STR where they are part of a tax consolidated group.

What if an unsatisfactory Statement of Tax Record is issued?

If an unsatisfactory STR is issued, it is understood that the tenderer will be able to work alongside the ATO to take corrective action.